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're moving to where they can thrive. and this benefits every american. we look at energy development and we talk about that at the national level of how it can create prosperity for our country if we open it up. we don't have to guess at whether or not it works. i mean, we can look at north dakota, you can look at pennsylvania. states that have gone around the federal rules and figured out how to develop their own energy are creating jobs and tax revenue to their governments. they were able to lower their taxes, use the revenue to improve everything about their states. and here we make it political and partisan on whether or not our country can develop more and more energy. but at the state level it's just about what works. and all we have to do is look at what works. this is not rocket science. i came to washington as a novice in politics, believing in the power of ideas, seeing how ideas can revolutionize different industries, can create new products and services meeting the needs of customers everywhere. and that's what i hoped we could do here in washington. maybe naively i went to work
to you? we talked about it briefly the other day with you. >> it's where to be in energy. you know, natural gas -- one of the things about natural gas which i love is that everybody kind of -- you see them come on your show and elsewhere on cnbc and they talk about this great boom that's going on in shale drilling. and i'm on the other side at this point and this is a tremendous bust in shale drilling that's going on because the price will not allow the innovations to move forward at this point. there's no demand source that's coming back into the market. >> a little better. >> there's no transport demand session coming back. >> it's better than 180. it's not what's needed for a real excitement about the fuel which is $5, $6, $7. >> so should we have a national policy to try to use more of this national gas and pump prices up and get people to do that instead of focusing on solar and hoping we'll have sun? >> yeah. by the way, i think that we should be doing both. that's really -- i think we should be doing both. but in terms of natural gas in 2012, there's been failure after failu
's accommodative. energy prices and dependent reducing. look-term we get to the right place. but we've got to get a credible solution that has integrity. the more integrity the solution has, the more it addresses the long-term issues. the more cash will move out of investor portfolios and into markets. >> because looking at across this, as you say, valley, and abroad, there are people like mark fauber that think that assets will be marked down 50% based on what we already owe in terms of commitments to be made and entitlements in this country. so that what we've seen in other parts of the world is already going to happen here, that we can't really change our future. so you could make a -- you could make a decision as a wealth manage her to get defensive, not based on the fiscal cliff but based on the fiscal abyss. >> you could. for individuals, though, you asked the question earlier, andrew, what can you do? it's almost impossible for individual investors to market and be successful. so what do you do in an environment like this? every individual ought to have a plan. they ought to have a place t
Search Results 0 to 2 of about 3